IHSG Tuesday Projected to Continue Weakening, Five Stocks Favored for Profit

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) is projected to weaken again in today's trading, Tuesday, March 18, after falling 0.67 percent or 43.6 points to 6,471.94 yesterday.

Phintraco Sekuritas in its research sees that the domestic market is digesting the trade balance realization data in February 2025 which shows exports are higher than imports.

"The trade balance recorded a surplus of 3.12 billion US dollars, higher than the consensus expectation of 2.45 billion US dollars," explained Phintraco Sekuritas.

The IHSG has the potential to continue weakening to the level of IDR6,400 and form a death cross (continuous price decline) in the overbought area (stock prices that are already too high).

For today's trading, Phintraco Sekuritas' preferred stocks are PT Merdeka Copper Gold Tbk (MDKA), PT Hanjaya Mandala Sampoerna Tbk (HMSP), PT Timah Tbk (TINS), PT Vale Indonesia Tbk (INCO), and PT Surya Citra Media Tbk (SCMA).